Our Members News
ComBank launches LankaPay cards in partnership with JCB Intl.
Sri Lanka’s payment cards domain took a giant leap yesterday when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and debit card with international acceptance.
99x celebrates top performers of 2022 and long-standing employees
99x celebrates top performers of 2022 and long-standing employees
ComBank conducts programme for women MSMEs in Celebration of Women’s month
The Commercial Bank of Ceylon recently hosted a special program for more than 100 female entrepreneurs engaged in micro, small and medium enterprises, with business leaders present to share their experiences and knowledge.
NDB crowned as Most Awarded Corporate in Sri Lanka for second consecutive year
NDB crowned as Most Awarded Corporate in Sri Lanka for second consecutive year
DSI expands network with two showrooms and franchise outlet
DSI, Sri Lanka’s premier footwear brand, opened two new showrooms and a franchise outlet in the month of February to further expand its retail network and take its top of the range footwear closer to more customers.
Nestlé Lanka partners Chakra Suthra’s ‘Trash2Cash’ initiative
Marking Global Recycling Day, Nestlé Lanka has teamed up with Chakra Suthra – a start-up focused on innovating solutions towards a zero-waste future.
DFCC Bank establishes Indian Rupee Nostro account with HDFC Bank India
DFCC Bank PLC, has announced the opening of an Indian Rupee-denominated Nostro account with HDFC Bank in India.
Haycolour leverages two major sustainability certifications to boost exports
Sri Lanka’s largest water-based pigment emulsion manufacturer, Haycolour Ltd., a subsidiary of Hayleys Aventura, has successfully secured two major environmental certifications, as part of a broader effort to leverage industry-leading expertise in sustainable manufacturing and innovation to capture new export opportunities.
DPL unveils automated central warehouse facility to optimise export market service delivery
Dipped Products PLC (DPL), a member of the Hayleys Group, recently commissioned an automated central warehouse facility at the Biyagama Export Processing Zone, to enhance its service delivery excellence to meet the critical global export demand.
HSBC Sri Lanka awarded at A-PAD global event in Tokyo
HSBC Sri Lanka was recognised for its outstanding commitment and support rendered towards creating a safer and more resilient Sri Lanka at the Asia Pacific Alliance for Disaster Management 10th Anniversary Forum held in Tokyo, Japan
DIMO shines at ACCA Sri Lanka Sustainability Reporting Awards 2022
DIMO, a leading diversified conglomerate in Sri Lanka, was recognised as the Overall Runner Up as well as the Winner in the Conglomerates and Diversified category at the prestigious ACCA Sri Lanka Sustainability Reporting Awards 2022.
Hayleys Unisyst completes installation of largest continuous unitised curtain wall in Sri Lanka for 447 Lunar Tower
Setting a new benchmark in the construction and aluminium industries, Sri Lanka’s leading manufacturer of high-quality architectural aluminium joinery systems, glazing and façade products, Hayleys Unisyst, contributed to the completion of yet another construction marvel ‒ the 447 Luna Tower, a luxurious apartment complex situated at the heart of Colombo.
HNB honoured as Best Retail Bank in Sri Lanka for 13th year
Consolidating its position as Sri Lanka’s undisputed leader in retail banking, HNB PLC was once again crowned as the Best Retail Bank in Sri Lanka for the 13th occasion at the Asian Banker Global Excellence in Retail Financial Services Awards 2023.
CA Sri Lanka expands global footprint with an overseas chapter in Canada
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which prides itself on being a world-class professional body, continued to expand its global presence by launching its seventh overseas chapter in Canada.
Cargills Bank marks Women’s Day with bonus interest offer for Abhimani account holders
Cargills Bank has launched an exciting campaign to honour women in celebration of International Women’s Day.
Baurs to strengthen Consumer Division
A. Baur & Co. (Pvt.) Ltd., also known as Baurs, is strengthening its Consumer Division to double its agencies, expand its portfolio, and enhance its channel agility to reach all parts of the island with predictive distribution.
HNB Assurance and HNB General Insurance join hands to launch ‘Liya Harasara 2023’
HNB Assurance PLC, together with its fully-owned subsidiary, HNB General Insurance Ltd., launched the 11th edition of ‘Liya Harasara’, an annual initiative aimed at paying tribute to the gracious spirit of womanhood and celebrating International Women’s Day.
Cinnamon Hotels and Resorts Colombo launches General Manager On-The-Job Mentorship in celebration of IWD 2023
Cinnamon Hotels and Resorts is committed to creating a workplace that is inclusive and supportive of all our employees. .
StanChart sees Sri Lanka investment opportunities as IMF nears
Foreign investors are likely to raise holdings of Sri Lanka government bonds, betting that a successful deal with the International Monetary Fund next week would unlock more funding to stabilise the nation’s finances, according to Standard Chartered Plc.
Hayleys Eco Solutions sets up new operations in North and East expanding supplier base by 20%
Expanding its supplier base for coconut-related raw materials, Sri Lanka’s leading manufacturer of value-added coconut fibre products and a subsidiary of the Hayleys Group, Hayleys Fibre, set up new operations in the Northern and Eastern provinces, expanding its supplier base by 20 percent.
CBL Sera shines with most number of key awards at Effies 2022
CBL’s Sera emerged triumphant at the recently concluded Effie Awards 2022 ‒ becoming the most awarded brand of the evening.
DFCC Bank unveils MySpace Self Banking Kiosk at MAS Intimates Thurulie
Further expanding its convenient and accessible network of MySpace Self Banking Kiosks, DFCC Bank unveiled the latest addition to its off-site network at the MAS Fabric Park at MAS Intimates Thurulie.
BoardPAC’s inaugural national digitisation grant awarded to ICTA for board governance automation
BoardPAC, the premier Board Meeting governance software provider, contributes to the development of the nation’s digital infrastructure by awarding a national digitalisation grant to the Information and Communication Technology Agency of Sri Lanka (ICTA) in its efforts to support Sri Lanka’s national digitalisation drive to enhance accountability, measurement and productivity of the nation’s government institutions.
HNB reiterates importance of developing a national savings culture
As more Sri Lankans face concerns over their personal financial security, and that of the country, HNB is working to help raise awareness on the opportunities that every Sri Lankan can access, in order to develop their savings habits, and help drive an effective savings culture nationwide.
Advantis expands Project Logistics arm with state-of-the-art tower crane fleet
Advantis - Project Logistics, a subsidiary of the Advantis Group, the transportation, logistics and construction arm of Hayleys PLC, has announced a major expansion to its solutions portfolio following its investment in five state-of-the-art tower cranes, which include two of the tallest (180 meters) tower cranes in the countr
Standard Chartered provides insights to global and Sri Lankan economic outlook at annual research briefing
Standard Chartered Bank’s Global Research team recently visited Sri Lanka to hold its annual Global Research Briefing (GRB), themed ‘A year of two halves’.
Lanka Hospitals posts Rs. 4 b PBT in 2022
The Lanka Hospitals Corporation PLC, has posted a profit before tax of Rs. 4 billion for the Financial Year ended 31 December 2022 compared to the Rs. 2.2 billion PBT reported in the corresponding period of the prior year.
US ambassador visits Hayleys Plantations’ Pedro tea estate
Sri Lanka’s most awarded plantations company, Hayleys Plantations, recently hosted US Ambassador to Sri Lanka Julie Chung on an exclusive tour of its Pedro estate in Nuwara Eliya.
Singer Sri Lanka Sets the Standard with Widest Range of Energy-Efficient Refrigerators Endorsed by Sustainable Energy Authority.
Singer Sri Lanka, a pioneer in the consumer electronics industry, has introduced a range of cutting-edge technological innovations to its line of eco-friendly refrigerators.
ComBank adjudged ‘Best SME Bank’ in Sri Lanka by Global Finance
Commercial Bank of Ceylon’s impactful efforts to support the local SME sector were recently acknowledged on a global platform when the bank won the award for the ‘Best SME Bank’ in Sri Lanka from the New York-headquartered Global Finance magazine.
Singer launches Smartboards for schools and offices
Singer (Sri Lanka) launched a new range of all-in-one flat panel smartboards recently to help enhance the learning experience for students and office work within organisations.
Nestlé Lanka PLC announces new MD
Nestlé Lanka PLC announced yesterday the appointment of Bernhard Stefan as the Managing Director effective 1 March, succeeding Jason Avanceña whose term ends 28 February.
ComBank Group consistent with solid topline growth in 2022, increases provisioning
The Commercial Bank of Ceylon Group said yesterday it has ended 2022 with a solid operational performance, having navigated the perfect storm with a series of forward-looking strategies that included making the highest-ever impairment provision in a year in the history of the institution.
DIMO and Mahindra Tractors assist local farmers
DIMO and its long-standing partner Mahindra Tractors recently completed a project executed for the betterment of the local farmer community (Govidanadivisuvapinisa) during this difficult time, while also boosting Maha season activities.
ComBank receives CAFI award
The International Finance Corporation (IFC) has reaffirmed Commercial Bank of Ceylon’s status as the South Asian financial institution to record the highest number of climate finance transactions in fiscal year 2022, awarding the bank the Climate Assessment for Financial Institutions (CAFI) award.
HNB and MasterCard unveil Webb Ellis trophy at HNB Towers
Leveraging its longstanding partnership with global payment giant MasterCard, HNB PLC recently secured an exclusive opportunity to display the coveted Webb Ellis trophy at HNB Towers.
HNB recognised as Market Leader, Best Service in Trade Finance by Euromoney
Sri Lanka’s leading private sector bank, HNB PLC, continued to showcase its market leadership in international trade services after being declared Sri Lanka’s ‘Best Service in Trade Finance’ and ‘Market Leader in Trade Finance’ for 2023 by the Euromoney Magazine.
NDB pulls off robust 4Q amid adversities; reports Rs.2.37bn profit
National Development Bank PLC (NDB) reported some solid numbers in the three months to December to close the year despite coming under enormous pressure from what were seen as unprecedented economic challenges ever faced by Sri Lanka’s banking sector last year.
ComBank celebrates twenty years of remittance operations in Kuwait
A colourful celebration enlivened by Sri Lankan performers set the stage for a commemorative event organised by the Commercial Bank of Ceylon recently to mark 20 years of remittance operations in the State of Kuwait.
Nestle Lanka FY22 earnings up 15%; sales top Rs.73bn
The local unit of Switzerland-based food giant, Nestle Lanka PLC, saw the December 2022 (4Q22) quarter earnings declining amid the sharp increase in income taxes, marketing, selling and distribution expenses and administrative expenses, though the full-year earnings rose 14.7 percent year-on-year (YoY) to Rs.6.07 billion, on total sales of Rs.73.7 billion, up 62.3 percent YoY.
DFCC reports solid December profits amid adversities
DFCC Bank PLC reported some solid profit in the three months to December 2022 (4Q22) riding on the elevated interest rates and fee incomes although the larger provisions, expenses and taxes weighed somewhat.
Dipped Products to launch Rs.1bn sports glove production facility
After over two years of product development, Dipped Product PLC plans to launch its dedicated LEED certified manufacturing facility for sports gloves in Biyagama Export Processing Zone this April with an over Rs.1 billion investment.
Upul Dharmadasa appointed new Chairman of Hilton Colombo owning firm Hotel Developers
Upul Dharmadasa has been appointed as the new Chairman of Hotel Developers (Lanka) PLC, which operates the Hilton Hotel, Colombo.
Dankotuwa Group sustains laudable performance
Dankotuwa Porcelain PLC (DPL), said yesterday it has recorded impressive results for the third quarter of the financial year 2022/23.
Link Samahan enters Japan
Link Natural Products Ltd., a leading manufacturer of herbal products, has announced the debut of its flagship brand and iconic herbal drink Link Samahan at Costco Wholesale stores in Japan.
HNBGI makes history as first in Sri Lanka to win ‘Best General Bancassurance Provider in 2023’
HNBGI, has earned a historic recognition as the best General Bancassurance Provider in Sri Lanka 2023, awarded by the Global Banking and Finance Review.
Baurs wins SAP special recognition award for Finance Transformation at SAP Dare to Dream Awards 2023
In appreciation of its continuous streak towards embracing a journey of sustained digital transformation, A Baur & Co. Ltd., also known as Baurs, one of the leading diversified corporates in the country, recently won the Finance Transformation Award at the Dare to Dream Awards 2023 Sri Lanka Edition, powered by SAP in partnership with John Keells IT and knowledge partner, EY.
Hayleys surpasses best ever result in 9 months
Sri Lanka’s most diversified blue chip Hayleys has succeeded in overtaking its best ever results posted in FY22 within the first nine months of the current financial year reflecting its resilience though higher finance cost and taxes impacted its third quarter year on year.
NDB emerges as a top employer of AICPA & CIMA’s Top Employers list 2023
National Development Bank PLC, Sri Lanka’s best bank for 2022 emerged within the Top 20 Employers List for 2023 compiled by the Association of International Certified Professional Accountants (AICP) and Chartered Institute of Management Accountants (CIMA) UK – dedicated to recognise and celebrate corporates that employ AICPA and CIMA members in Sri Lanka..
DFCC Bank launches monthly E-Calendar for customers
DFCC Bank has taken an innovative step to promote resilience and adaptability in the face of changing times by rolling out a Monthly E-Calendar for 2023.
NDB’s Dimantha recognized as Best Banking CEO of 2022
Dimantha Seneviratne, Director/ CEO of National Development Bank was recently felicitated with the life time award of the Best Banking CEO of 2022, by the CEO Sri Lanka Magazine, in recognition of his contribution to the progress of the Sri Lankan banking sector, in one of the most turbulent years.
ComBank declared as leader in climate financing for second straight year
Records highest number of climate finance transaction in FY22 in South Asia
Lanka Hospitals’ affiliation with Havelock Sports Club as Official Healthcare Partner continues into 4th consecutive year
Sri Lanka’s premier healthcare service provider, Lanka Hospital PLC’s partnership with the renowned Havelock Sports Club as their Official Healthcare Partner is being continued into the fourth consecutive year.
Cargills unveils Rs.4bn centralised distribution centre
Cargills (Ceylon) PLC opened its new centralised distribution centre recently, marking yet another milestone.
Nestlé Lanka reaffirms commitment towards a sustainable and resilient Sri Lanka
To invests over Rs. 1 b in a biomass boiler project at its Kurunegala factory; latest move comes hot on the heels of Rs. 2 b investment in a new Vacuum Band Dryer.
NDB Bank receives Carbon Footprint certification
National Development Bank PLC (NDB) concluded the GHG assessment and verification for the entire organisation for the FY 2021. The bank engaged the verification body ‘Sri Lanka Climate Fund’ (SLCF) to assess and verify the bank’s Carbon Footprint. SLCF is South Asia’s 1st ISO 14065 Accredited Organisation and SLCF’s accredited certification applies to NDB’s Head Office and network of branches in the island.
SAGT partners University of Sri Jayewardenepura to rehabilitate Benthara River Mangrove Complex
South Asia Gateway Terminals Ltd. (SAGT), Sri Lanka’s first Public Private Partnership Container Terminal and flagship entity of the Board of Investment, partnered with the Center for Sustainability (CFS), University of Sri Jayewardenepura to carry out a mangrove restoration project together with the implementation of an agroforestry system on five acres of land in the Benthara River Mangrove Complex situated in Galatara, Iththapana for a period of five years.
Advantis 3PL Plus unveils central logistics hub in Thulhiriya
Enhancing its capabilities as a third-party logistics provider, Advantis 3PL Plus, a subsidiary of the Hayleys Advantis Group, unveiled a state-of-the-art Central Logistics Hub in Thulhiriya, Kegalle.
Rolf Blaser of Baurs named ‘Most Admired CEO of the Year’
Rolf Blaser, CEO and Managing Director of A. Baur & Co. Pvt Ltd. also known as Baurs, a leading conglomerate with diversified business interests among various sectors in the country, was recently bestowed with the ‘Most Admired CEO of the Year 2022’ title in recognition of his visionary leadership, resilience, and growth-innovation mindset inevitably displayed throughout last year despite the many challenges.
Sri Lanka Golf, HSBC partner again for Future Lions Grassroots programme
The HSBC Future Lions Golf grassroots programme, conducted for the second time in a partnership between Sri Lanka Golf (SLG) and HSBC, will be held from February 24 to April 9.
SLT, Singer, Kelani Valley Plantations and Hayleys win Gold at SAFA Awards in Nepal
Four Sri Lankan companies including leading conglomerates clinched the Gold awards at the prestigious SAFA Best Presented Annual Report Awards 2021, organised by the South Asian Federation of Accountants (SAFA) which was held in Kathmandu, Nepal in the presence of SAFA outgoing President Hennayake Bandara, SAFA Improvement in Transparency, Accountability and Governance Committee Chairperson and CA Sri Lanka Council Member Anoji de Silva.
SHMA facilitates Nestlé Lanka’s drive to upskill hospitality professionals in the country
The Swiss Hotel Management Academy (SHMA) of A. Baur & Co. Ltd. recently partnered with Nestlé Lanka PLC as part of its private sector synergies aimed at upskilling young and rising talent in the sector.
HNB partners with Pay&Go to enable card acceptance solutions for SMEs
Further strengthening the partnership with MegaPay (Pvt) Ltd, one of Sri Lanka’s largest private sector banks, HNB PLC partnered with Pay&Go, a leading digital payment solution provider, to introduce an accessible and affordable card payment acceptance solution for Small and Medium Enterprises (SMEs) in Sri Lanka.
JKH excels in top line in 3Q; high interest costs impact PBT
Diversified blue chip John Keells Holdings (JKH) yesterday reported impressive growth in revenue and operating profit for the third quarter but profit before tax (PBT) was impacted by much higher interest costs in comparison to a year earlier.
Cargills Bank launches remittance promotion
Cargills Bank has partnered with Cargills Food City to provide a 5% discount on customers’ total bills, when they withdraw remittances at any Cargills Food City outlet, islandwide to support customers receiving inward remittances.
DFCC Bank and Citizens Development Business Finance PLC (CDB) Enter into Strategic Partnership to Expand Inward Remittance Services
DFCC Bank PLC, one of Sri Lanka’s most trusted banks and a leader in inward remittances, has partnered with Citizens Development Business Finance PLC (CDB) one of the top four largest non-banking financial institutions (NBFIs) in Sri Lanka, to promote convenient access to inward remittances.
4 Lankan firms at world’s largest consumer goods show Ambiente 2023
Four Sri Lankan companies will be participating at the world’s largest consumer goods show, Ambiente, at Frankfurt Messe from 3 to 7 February in Frankfurt Germany.
Advantis Projects delivers large Tunnel Boring Machines
Advantis Projects, a company dealing in project logistics and heavy cargo transportation, and a subsidiary of Hayleys Advantis Limited, is moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island.
ComBank partners NSF to enhance STEM education
The Commercial Bank of Ceylon has entered into a partnership with the National Science Foundation (NSF) to further enhance the Bank’s science, technology, engineering, and mathematics (STEM) education projects and the delivery of STEM education to selected underperforming schools.
Innovation meets sustainability at Hayleys Fabric’s ‘Nature’ Forum
Sri Lanka’s largest textile manufacturer, Hayleys Fabric, hosted its inaugural Sustainability Forum ‘Nature’, showcasing a new generation of home-grown innovations with the potential to enable greater circularity in fashion globally.
CIC Group’s Link Natural revives ancient beauty secrets through modern science
CIC Holdings’ subsidiary Link Natural is reviving ancient beauty secrets through modern science with launch of a range of natural beauty care under the brand “Earth Essence”.
Ceylon Biscuits Ghana operation going strong
Ceylon Biscuit Ltd, owners of the famous Munchee brand have established a strong foothold in Ghana and are exporting to neighbouring countries, top officials said.
Nestlé Lanka receives carbon footprint verification for upstream coconut value chain
Certification from Sri Lanka Climate Fund to help Nestlé in its journey of achieving net zero emissions by 2050
NDB Bank provides enhanced support for Ocean Odyssey passengers at Colombo Port
The luxury cruise liner Ocean Odyssey docked at Colombo Port recently. On board were said to be 108 American tourists.
Singhagiri and EWIS partner to break boundaries with first Lankan-manufactured TV
Singhagiri (Pvt) Ltd together with Sri Lanka’s first-ever Original Device/Equipment Manufacturer, EWIS Colombo Limited (ECL) launched SGL Android Smart TV at JAIC Hilton recently.
HNB strikes Gold and Silver at SLIM DIGIS 2.2
HNB PLC won the Gold Award for Best Search Engine Optimisation/Search Engine Marketing and the Silver for the Best Use of Experiential Digital Marketing at the SLIM DIGIs 2.2 Awards.
Hayleys Group honoured for export innovation and nation-mindedness
The Hayleys Group received top honours at the National Chamber of Exports Awards, with its export manufacturing, agriculture, tea export, and transportation and logistics sectors honoured for their resilience and significant contributions to the nation amid the unique challenges faced over the past year.
DFCC Bank among Women-Friendly Workplaces
DFCC Bank was recognised as “One of Sri Lanka’s Most Outstanding Women-Friendly Workplaces, by CIMA, together with women’s magazine, ‘Satyn’ recently.
ComBank wins Green Building Award for Trincomalee branch building
The Trincomalee branch of the Commercial Bank of Ceylon was recently awarded a Gold rating under the Green Building awards presented by the Green Building Council of Sri Lanka (GBCSL) for the building’s eco-friendly features.
Hayleys Fentons wins B2B Brand of the Year Bronze at SLIM Brand Excellence Awards
Hayleys Fentons recently marked a milestone achievement in the company’s history by winning the Bronze Award in the B2B Brand of the Year Category at the recently-concluded SLIM Brand Excellence Awards.
USAID, Keells Supermarkets, and HNB partner for $ 4 m boost to food sector MSMEs
The United States Agency for International Development (USAID) said yesterday it is coordinating with Keells Supermarkets and Hatton National Bank (HNB) on an innovative supply chain financing facility that supports micro, small, and medium-sized enterprises (MSMEs) in the food sector to access capital.
SDF signs MOU with Hayleys Agriculture to empower rural community
Sarvodaya Development Finance (SDF), the first development finance company in Sri Lanka, recently signed a Memorandum of Understanding (MOU) with Hayleys Agriculture Holdings Limited (HAHL).
ComBank places Sri Lanka on global map at UN Climate Change Conference
The Commercial Bank of Ceylon recently had the distinction of being featured to a global audience as one of 25 banks around the world that are working to promote environment-consciousness among their customers.
DIMO and BOSCH celebrate six decades of successful partnership
DIMO Diesel Lab has further strengthened its long-standing collaboration with BOSCH through cementing its strong position as the ‘Certified BOSCH Diesel Service Workshop’ in Sri Lanka.
Baurs partners with Swiss govt. to uplift hospitality education and bridge skills gap in SL
With the view of uplifting the hospitality education sector in Sri Lanka, the Swiss Hospitality & Management Academy (SHMA) of A. Baur & Co. Pvt Ltd. also known as Baurs, a leading conglomerate with diversified business interests, recently established a private and public sector partnership with the Swiss Agency for Development and Cooperation (SDC).
NDB supports entrepreneur to win Bronze at Presidential Awards
As one of Sri Lanka’s leading banks, NDB remains committed to long-term socio-economic development through involvement in local businesses and reinvesting in the empowerment of the community.
Hatton National Bank strikes Gold and Silver at SLIM DIGIs 2.2
HNB PLC recently took home the Gold Award for Best Search Engine Optimisation/Search Engine Marketing and the Silver for the Best Use of Experiential Digital Marketing at the SLIM DIGIs 2.2 Awards.
DIMO renews official partnership with Bosch
DIMO Diesel Lab has further strengthened its long-standing collaboration with Bosch through cementing its strong position as the Certified Bosch Diesel Service Workshop in Sri Lanka.
Deutsche Bank moves local office to One Galle Face Tower
Deutsche Bank AG has moved its Sri Lankan office to One Galle Face Tower (OGFT) marking a historic step in the bank’s journey in Sri Lanka.
Standard Chartered CEO appointed SLBA Chairperson
Standard Chartered Sri Lanka Chief Executive Officer Bingumal Thewarathanthri was elected as the Chairperson of the Sri Lanka Banks’ Association (SLBA) with immediate effect, at a recently concluded meeting of the SLBA Board of Directors.
ComBank wins Oscar-equivalent ‘Bank of the Year’ award from ‘The Banker’- UK
The Commercial Bank of Ceylon has been crowned Sri Lanka’s ‘Bank of the Year’ by the respected ‘The Banker’ magazine of the UK, the Oscar equivalent of the banking fraternity.
HNB conducts capacity building workshops to boost financial literacy of SMEs
Celebrating a key milestone in its journey in supporting Small and Medium Enterprises, HNB PLC completed another round of capacity building workshops in partnership with PPOD Consultancies, a premium capacity building and consultancy firm in the country.
Advantis Projects speeds ahead with the delivery of Sri Lanka’s largest tunnel boring machines
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island.
ComBank’s latest webinar explores opportunities in the export market
The Commercial Bank of Ceylon recently took more than 250 exporters, small business owners, and entrepreneurs on a virtual expedition to learn about international markets via a free webinar that explored opportunities in the export market.
NDB Bank Shareek wins Bronze at IFFSA Awards
NDB Shareek Islamic Banking Unit was recognised with the Bronze Award for window/unit of the year 2021/2022 at the much celebrated Islamic Finance Forum of South Asia (IFFSA) Awards held recently at Shangri-La Hotel Colombo.
99x helps Sweden-based CarCare to scale within Scandinavian automotive industry
Technology company 99x, with its local product engineering expertise, has helped the Swedish startup CarCare to scale up within the Scandinavian automotive industry to become a market leader in lead-time management.
Lanka Hospitals Reaches Milestone of 1,500 IVF Baby Deliveries
Lanka Hospitals, the internationally-accredited multiple award-winning healthcare provider has reached a milestone with the delivery of the 1,500th IVF baby. Lanka Hospitals’ Fertility Centre made the announcement at an event to mark the occasion recently.
Hayleys Wins Overall Excellence in Corporate Reporting at CA Sri Lanka’s TAGS Awards 2022
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) celebrated excellence in corporate reporting at the TAGS Awards 2022 on Tuesday by honouring leading corporates, multinationals, small entities, and non-profit organisations for producing insightful and transparent annual reports amidst increasing expectations from multiple stakeholders, including investors.
HNB, Caritas Initiates ‘Season of Giving’ Donation Campaign via SOO App
HNB PLC, launched the ‘Season of Giving’ donation campaign on its premier digital payment app SOLO, to support Caritas Sri Lanka.
Ceyline Maritime wins Most Outstanding SME Exporter at 30th NCE Export Awards
The 30th NCE Export Award was concluded at Shangri La Hotel Colombo and Ceyline Maritime Services (Pvt) Ltd won the Most Outstanding SME Export award and received the Late Patrick Amarasinghe Challenge Trophy..
HNB Finance reappoints Brahmanage Premalal to Board of Directors
HNB Finance PLC (HNBF) recently announced the reappointment of Brahmanage Premalal to the company’s Board of Directors as a Non-Independent, Non-Executive Director effective from November 29, 2022.
ComBank named ‘Strongest Bank in Sri Lanka in 2022’ by Asian Banker
The Commercial Bank of Ceylon has been proclaimed the ‘Strongest Bank in Sri Lanka’ in 2022 by Asian Banker, a leading platform in the Banking and Financial Services industry. .
NDB Ranked 12th at Business Today Top 40; Moves Up By 9 Ranks
National Development Bank PLC secured the 12th position at the Business Today top 40 corporates ranking published recently for 2021-2022. NDB impressively moved 9 ranks up from its previous ranking of 21 for 2020-2021.
ComBank introduces digital receipts for CRM and ATM withdrawals
The Commercial Bank of Ceylon has introduced digital receipts for ATM transactions, another green banking initiative that is not only environment friendly, but enhances convenience to customers ,cuts down on transaction charges and reduces paper wastage.
HNB Finance Hosts Social Experiment to Mark World Tourism Day
HNB Finance PLC recently celebrated World Tourism Day recently with a social experiment to find out how hospitable Sri Lankans are to tourists in distress, which is probably a first-of-its-kind in the region.
ComBank raises Rs 10 bn. after debenture oversubscribed on opening day
The Commercial Bank of Ceylon has announced that its Rs 10 billion debenture issue closed within hours of opening after it was oversubscribed on opening day, Thursday 1st December 2022, in a noteworthy vote of confidence from investors.
Standard Chartered to support Sri Lanka Economic Summit 2022 as Platinum Sponsor
Standard Chartered Sri Lanka has partnered with the Ceylon Chamber of Commerce as the Platinum Sponsor for the upcoming Sri Lanka Economic Summit 2022, scheduled to be held on 5 and 6 December, at the Shangri-La Hotel, Colombo.
SLASSCOM RPA conference ‘Digital Genesis Reloaded’ on 6-8 Dec
Robotic Process Automation (RPA) technology is the next frontier for businesses looking to streamline processes, increase productivity and ultimately improve the bottom-line.
HNB launches exclusive seasonal offers for cardholders to ‘Shop with Joy’
HNB PLC launched a bonanza of exclusive deals for debit and credit card-holders to ‘Shop with Joy’ during the upcoming festive season.
ComBank opens branch in Kirillawala
The Commercial Bank of Ceylon recently opened its 269th branch in Kirillawala, a rapidly developing, verdant town known for its abundance of namesake kirilla trees and agricultural produce.
Hapag Lloyd Lanka and Aitken Spence Travels boost tourism through luxury cruise ‘Mein Schiff 5’
Boosting the revival of the tourism industry in Sri Lanka, Hapag Lloyd Lanka ushers in super luxury cruise ‘Mein Schiff 5’ on the 29th of November at the Port of Colombo and the cruise will be calling the Port of Hambantota on the 30th of November 2022.
99x supports Yarl Geek Challenge for 8th consecutive year
Leading Norwegian technology company 99x has partnered with Yarl Geek Challenge, the flagship event of Yarl IT Hub (YIT), for the eighth consecutive year. The annual competition invites young minds to tackle some of the world’s most challenging problems with technology.
HNBA Group Records Impressive Third Quarter Performance
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) reported a consolidated Gross Written Premium (GWP) of Rs. 11.3 billion marking a steady growth of 26 percent and a consolidated Profit After Tax (PAT) of Rs 1.5 billion marking a growth of 228 percent during the nine months ended 30th September 2022 compared to the comparative period last year.
Dankotuwa Group shines with commendable performance
Dankotuwa Porcelain PLC yesterday announced commendable performance in the second quarter and first half amidst a highly volatile business environment. For the quarter ended 30 September 2022, Dankotuwa Porcelain PLC as a Group (which includes its subsidiary Royal Fernwood Porcelain) recorded a revenue of Rs. 1.42 billion, which was a 69% growth compared to the 2nd quarter of 2021/2022.
Nestlé Lanka reaffirms commitment to Sri Lanka with fresh investment of over Rs. 2 b
Nestlé Lanka recently reaffirmed its commitment towards Sri Lanka by investing over Rs. 2 billion in its state-of-the-art factory in Kurunegala by building a new Vacuum Band Dryer.Aimed at expanding the capacity of its manufacturing facility for malted food, this investment further strengthens the company’s efforts of positively impacting Sri Lanka and its people.
Dankotuwa Group shines with commendable performance
Dankotuwa Porcelain PLC yesterday announced commendable performance in the second quarter and first half amidst a highly volatile business environment.
Hayleys Fabric surpasses global giants to win new Sustainable Impact Award at International Quality Awards 2022 – UK
Hayleys Fabric set a global benchmark in sustainability, bagging the coveted Sustainability Impact Award at the recently concluded International Quality Awards (IQA) 2022 held in London.
NDB crowned “Best Bank in Sri Lanka” by top 3 awarding bodies
NDB Bank was recently named the Best Bank in Sri Lanka for 2022 by Euromoney, in addition to being named “The Best Bank in Sri Lanka” by Global Finance of USA for 2022 and 2021 consecutively. The bank also won “Bank of the Year 2020” by The Banker, UK thus achieving the rare feat of securing the endorsement of the top three awarders in the banking industry – the Triple Crown in banking, it said in a media release.
Aqua Dynamics among Lanka’s 50 Best Workplaces
Aqua Dynamics, one of the versatile action sports leaders in the leisure sector, was recently ranked among 50 Best Workplaces in Sri Lanka for 2022, a list compiled by the global authority and pioneer in evaluating workplace cultures, Great Place to Work Institute.
99x achieves Great Place to Work Legend status
Leading Sri Lankan technology company 99x was recently awarded the Great Place to Work (GPTW) Legend status by the Great Place to Work Institute, following its achievements for the 10th consecutive year.
DFCC Bank launches initiative to attract remittances
The Bank for Everyone, DFCC Bank, has recently launched a special marketing drive and scheme to attract Foreign Inward Remittances. Looking to support the nation at this challenging time, DFCC Bank is offering an additional
Hayleys Aventura introduces Eco-One to battle pollution
Hayleys Aventura has introduced Eco-One, an innovative product developed in the USA to help manufacturers mitigate pollution caused by the disposal of plastics, polythene and rubber – one of Sri Lanka’s most pressing environmental challenges.
HNB launches agri program in the Central Province
Private sector bank HNB PLC launched ‘HNB SaruGeWatte’, a campaign aimed at setting up new marketplaces for rural farmers in urban areas while promoting home gardening in urban areas across the Central Province.
ComBank wins coveted double at Asiamoney Banking awards
Commercial Bank of Ceylon has won two coveted international awards – Best Bank for Small and Medium Enterprise (SME) Banking and Best Bank for Environmental, Social and Governance (ESG), at the latest awards event of the respected Asiamoney magazine.